RioCan aims for big gain

RIOCAN REAL ESTATE INVESTMENT TRUST $24.44 (Toronto symbol REI.UN; Units outstanding: 318.0 million; Market cap: $7.6 billion; TSINetwork Rating: Average; Dividend yield: 5.9%; www.riocan.com) and department store operator Hudson’s Bay Co. (Toronto symbol HBC) co-own, or control, 10 Hudson’s Bay stores through a joint-venture partnership. Hudson’s… Read More

RioCan poised for big gain from sale

RIOCAN REAL ESTATE INVESTMENT TRUST $24 (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 317.4 million; Market cap: $7.6 billion; Price-to-sales ratio: 6.2; Dividend yield: 6.0%; TSINetwork Rating: Average; www.riocan.com) and department store operator Hudson’s Bay Co. (Toronto symbol HBC) have a joint… Read More

Activists spur changes at two leaders

HUDSON’S BAY CO. $11 (Toronto symbol HBC; Consumer sector; Shares outstanding: 182.7 million; Market cap: $2.0 billion; Takeover Target Rating: Highest; Dividend yield: 0.4%; TSINetwork Rating: Specualtive; www. hbc.com) operates Canadian retail chains Hudson’s Bay and Home Outfitters; HBC Europe; Lord & Taylor; Saks Fifth… Read More

New & upcoming spinoff opportunities

HEWLETT-PACKARD ENTERPRISE $13 (New York symbol HPE; Manufacturing & Industry sector; Shares outstanding: 1.7 billion; Market cap: $22.1 billion; Takeover Target Rating: Lowest; Dividend yield: 1.9%; TSINetwork Rating: Average; www.hpe.com) has merged its Enterprise Services business with Computer Sciences Corp. (New York symbol CSC). Enterprise… Read More

Q: Hi Pat: Can you please tell me whether Hudson’s Bay Co. is a buy at its current price? It’s at a low. I hear the real estate that the company owns is worth a lot. Thanks!

A: Hudson’s Bay Co., $10.48, symbol HBC on Toronto (Shares outstanding: 182.2 million; Market cap: $1.8 billion; www.hbc.com), operates retail stores under six main banners:
The Hudson’s Bay chain in Canada consists of 90 department stores, one outlet store and an e-commerce site.
HBC Europe operates 116… Read More